---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-189467"
form_type: "8-K"
ticker: "CBZ"
cik: "0000944148"
company_name: "CBIZ, Inc."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:46:42.462197+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# CBIZ agrees to buy Marcum in $2.3B cash-and-stock deal; Q4 2024 close

## Summary
- Total consideration ~$2.3B: ~$1.1B cash + ~14.4M shares at $76.84; expected close Q4 2024 subject to approvals.
- Combined annual revenue ~$2.8B; CBIZ becomes 7th-largest U.S. accounting services provider.
- Marcum has ~$1.2B revenue, 3,500+ professionals, 43 offices, and 35,000+ clients.
- Financing secured: $2.0B committed senior secured credit facilities from Bank of America.
- Voting agreement with Marcum partners holding ~41% of units; termination fees up to $48M for CBIZ, $22M for Marcum.

## SEC filing metadata
- accession: 0001193125-24-189467
- form_type: 8-K
- ticker: CBZ
- cik: 0000944148
- company_name: CBIZ, Inc.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/944148/000119312524189467/0001193125-24-189467-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944148/000119312524189467/d870469d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-189467
- JSON: https://secwatch.observer/filing/0001193125-24-189467.json
- Plain text: https://secwatch.observer/filing/0001193125-24-189467.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.